Gateway Investment Advisers LLC Has $2.70 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Gateway Investment Advisers LLC trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 24.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,789 shares of the auto parts company’s stock after selling 9,134 shares during the period. Gateway Investment Advisers LLC’s holdings in Autoliv were worth $2,700,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. boosted its stake in shares of Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock valued at $595,000 after purchasing an additional 115 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after buying an additional 117 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Autoliv by 0.6% during the third quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock worth $2,190,000 after purchasing an additional 130 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Autoliv by 3.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock worth $391,000 after buying an additional 140 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Autoliv by 2.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock valued at $851,000 after acquiring an additional 156 shares during the period. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALV shares. Wells Fargo & Company reduced their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Barclays cut their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Bank of America decreased their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.62.

Autoliv Price Performance

NYSE:ALV opened at $98.08 on Friday. The firm’s fifty day moving average price is $96.35 and its two-hundred day moving average price is $97.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market cap of $7.62 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.68 and a beta of 1.59. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $1.66 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that Autoliv, Inc. will post 8.2 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio (DPR) is 36.46%.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.